An Analysis of Default Risk in the Home Equity Conversion
... Mortgages to Preserve Independent Living,” 2012-14, Stephanie Moulton, PI. Also the Department of Housing and Urban Development: “Aging in Place: Managing the Use of Reverse Mortgages to Enable Housing Stability,” 2013-2015, Stephanie Moulton, PI. Disclaimer: The work that provided the basis for thi ...
... Mortgages to Preserve Independent Living,” 2012-14, Stephanie Moulton, PI. Also the Department of Housing and Urban Development: “Aging in Place: Managing the Use of Reverse Mortgages to Enable Housing Stability,” 2013-2015, Stephanie Moulton, PI. Disclaimer: The work that provided the basis for thi ...
Credit Supply and the Housing Boom
... the increase in the demand for funds, the shift in credit supply must have been predominant, or interest rates would have not fallen. We illustrate this point with an experiment in which lending and borrowing constraints are relaxed together. More generally, collateral constraints are a fundamental ...
... the increase in the demand for funds, the shift in credit supply must have been predominant, or interest rates would have not fallen. We illustrate this point with an experiment in which lending and borrowing constraints are relaxed together. More generally, collateral constraints are a fundamental ...
Identifying and Keeping the Genie in the Bottle
... and distribution of the assets of the debtor's estate. If, as some companies represent to their shareholders, creditors, and others, IP rights make up a major portion of a company's assets, then it is important for bankruptcy judges, trustees, and creditors to be able to identify, secure, and proper ...
... and distribution of the assets of the debtor's estate. If, as some companies represent to their shareholders, creditors, and others, IP rights make up a major portion of a company's assets, then it is important for bankruptcy judges, trustees, and creditors to be able to identify, secure, and proper ...
Impact Assessment (IA)
... paid to any claimant (plus interest on that loan and an administration charge) would be recouped from the equity in the property when it is sold, or repaid when the claimant returns to work. If there is insufficient equity in a claimant’s property to repay the whole SMI loan, the balance would be wr ...
... paid to any claimant (plus interest on that loan and an administration charge) would be recouped from the equity in the property when it is sold, or repaid when the claimant returns to work. If there is insufficient equity in a claimant’s property to repay the whole SMI loan, the balance would be wr ...
wash sale - McGraw Hill Higher Education
... Involuntary Conversion Requirements to defer gain: Reinvest proceeds in property similar or related in service or use to converted property Replacement property must be purchased within two taxable years following the year of the conversion ...
... Involuntary Conversion Requirements to defer gain: Reinvest proceeds in property similar or related in service or use to converted property Replacement property must be purchased within two taxable years following the year of the conversion ...
Significance of the Social Security Trust Funds
... and require repayments of such loans in other years when there is revenue shortfall (deficit). From another perspective, the buildup of the trust funds serves a distributional or smoothing function. The trust funds enable Social Security to be financed as a level percentage of payroll across generat ...
... and require repayments of such loans in other years when there is revenue shortfall (deficit). From another perspective, the buildup of the trust funds serves a distributional or smoothing function. The trust funds enable Social Security to be financed as a level percentage of payroll across generat ...
Security Analysis, Agency Costs, and UK Firm Characteristics
... agency costs when management owns less than 100 percent of the firm’s equity. Consistent with Jensen and Meckling (1976), Nohel and Tarhan (1998) point out that the agency problem (conflict) is caused by the physical presence of excess cash and certain investments that are considered liquid. The sha ...
... agency costs when management owns less than 100 percent of the firm’s equity. Consistent with Jensen and Meckling (1976), Nohel and Tarhan (1998) point out that the agency problem (conflict) is caused by the physical presence of excess cash and certain investments that are considered liquid. The sha ...
Intangible assets and SMEs
... accountancy body with 296,000 students and 115,000 members in 170 countries. We aim to offer first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. We deliver our qualifications in partnership wi ...
... accountancy body with 296,000 students and 115,000 members in 170 countries. We aim to offer first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. We deliver our qualifications in partnership wi ...
bondch11s
... when borrowers determine that rates have bottomed out. The refinancing incentive can be measured by the difference between the mortgage portfolio's weighted average rate, referred to as the weighted average coupon rate, WAC, and the refinancing rate, REFR. A study by Goldman, Sachs, and Company foun ...
... when borrowers determine that rates have bottomed out. The refinancing incentive can be measured by the difference between the mortgage portfolio's weighted average rate, referred to as the weighted average coupon rate, WAC, and the refinancing rate, REFR. A study by Goldman, Sachs, and Company foun ...
AMERCO /NV/ (Form: 8-K, Received: 09/13/2016 09:26:49)
... the Company in its sole discretion at any time, in whole or in part, without any penalty, premium or fee, at a price equal to 100% of the principal amount then outstanding, plus accrued and unpaid interest, if any, through the date of redemption. A partial redemption may be on a pro rata basis or on ...
... the Company in its sole discretion at any time, in whole or in part, without any penalty, premium or fee, at a price equal to 100% of the principal amount then outstanding, plus accrued and unpaid interest, if any, through the date of redemption. A partial redemption may be on a pro rata basis or on ...
Managing Interest Rate Risk: Duration GAP and Economic
... Sensitivity of Economic Value of Equity measures the change in the economic value of the corporation’s equity under various changes in interest rates. Rate changes are instantaneous changes from current rates. The change in economic value of equity is derived from the difference between changes in t ...
... Sensitivity of Economic Value of Equity measures the change in the economic value of the corporation’s equity under various changes in interest rates. Rate changes are instantaneous changes from current rates. The change in economic value of equity is derived from the difference between changes in t ...
203k select - Primary Residential Mortgage
... Appreciation is less than 20% and this value would be acceptable. Unacceptable Value: Previous sales price was $100,000. Current sales price within 90 days is $120,000. Appreciation is equal to 20% and this value would be unacceptable, as would any higher property value. Please Note: The acceptable ...
... Appreciation is less than 20% and this value would be acceptable. Unacceptable Value: Previous sales price was $100,000. Current sales price within 90 days is $120,000. Appreciation is equal to 20% and this value would be unacceptable, as would any higher property value. Please Note: The acceptable ...
Subprime Lending, Suboptimal Bankruptcy: A Proposal to Amend
... emerged, a market that turns on high risks and high profits, it becomes increasingly difficult to explain why mortgage loans should be treated any differently in bankruptcy from car loans or credit card debts.”). ...
... emerged, a market that turns on high risks and high profits, it becomes increasingly difficult to explain why mortgage loans should be treated any differently in bankruptcy from car loans or credit card debts.”). ...
Financial distress, reorganization and corporate performance
... 3.2. Development of propositions Review of literature in the previous sections has 1) demonstrated the usefulness of the coalition behaviour model as a means of analysing how various parties will behave with respect to the reorganisation decision; and, 2) identified variables that have been found in ...
... 3.2. Development of propositions Review of literature in the previous sections has 1) demonstrated the usefulness of the coalition behaviour model as a means of analysing how various parties will behave with respect to the reorganisation decision; and, 2) identified variables that have been found in ...
Statements of Accounting Standards (AS 10)
... assets because they do not relate to a specific fixed asset. However, in some circumstances, such expenses as are specifically attributable to construction of a project or to the acquisition of a fixed asset or bringing it to its working condition, may be included as part of the cost of the construc ...
... assets because they do not relate to a specific fixed asset. However, in some circumstances, such expenses as are specifically attributable to construction of a project or to the acquisition of a fixed asset or bringing it to its working condition, may be included as part of the cost of the construc ...
Fact sheet Comparing listed and unlisted assets
... unlisted assets also have predictable revenue streams, particularly if they are based around a long-term contract (often with government) or regulated charges. Prior to the GFC many listed infrastructure funds adopted the practice of paying income to investors from the increase in the value of the a ...
... unlisted assets also have predictable revenue streams, particularly if they are based around a long-term contract (often with government) or regulated charges. Prior to the GFC many listed infrastructure funds adopted the practice of paying income to investors from the increase in the value of the a ...
Standard on Verification and Adjustment of Sales
... IAAO 2009]). In addition, jurisdictions that have disclosure but not adequate sale disclosure documents should work toward that goal. The terminology for determining whether or not a sale meets the definition of a valid transaction differs throughout the industry (validation, verification, confirmat ...
... IAAO 2009]). In addition, jurisdictions that have disclosure but not adequate sale disclosure documents should work toward that goal. The terminology for determining whether or not a sale meets the definition of a valid transaction differs throughout the industry (validation, verification, confirmat ...
Mortgage Choice Determinants: The Role of Risk and Bank
... measures. We find that income risk increases the probability that the household will take a product which reduces its exposure to payment variability, at least in the first part of the contract; mobility risk leads households to choose more flexible VRM products. The HM and SFRM products help house ...
... measures. We find that income risk increases the probability that the household will take a product which reduces its exposure to payment variability, at least in the first part of the contract; mobility risk leads households to choose more flexible VRM products. The HM and SFRM products help house ...
Nonbanks and Lending Standards in Mortgage Markets. The
... as collateral; 3) Some mortgage lenders are more exposed to MBS than others. For example, nonbanks, which cannot fund their loans with deposits, rely on repo borrowings that are repaid once the loan is securitized and sold as a MBS (Echeverry, Stanton and Wallace 2016). For these lenders, the e¤ecti ...
... as collateral; 3) Some mortgage lenders are more exposed to MBS than others. For example, nonbanks, which cannot fund their loans with deposits, rely on repo borrowings that are repaid once the loan is securitized and sold as a MBS (Echeverry, Stanton and Wallace 2016). For these lenders, the e¤ecti ...
Proposed features of a sovereign debt restructur
... limiting the scale of the ramifications on the rest of the economy. Obvious examples include servicing trade credit and payment of at least interest to domestic banks. In addition, and as discussed below, it would also be desirable to avoid any interruption in the performance of contractual obligati ...
... limiting the scale of the ramifications on the rest of the economy. Obvious examples include servicing trade credit and payment of at least interest to domestic banks. In addition, and as discussed below, it would also be desirable to avoid any interruption in the performance of contractual obligati ...
Intellectual Property Forensic Analysis
... the intellectual property, depending on the standard of value applied. This discussion defines different standards of value that may apply to intellectual property. For the most part, these are the same standards of value that apply to intangible asset valuations. The following definitions are inten ...
... the intellectual property, depending on the standard of value applied. This discussion defines different standards of value that may apply to intellectual property. For the most part, these are the same standards of value that apply to intangible asset valuations. The following definitions are inten ...
The pari passu clause in sovereign debt instruments
... unsecured debt obligations, absent statutory priorities or the exercise of a court's equitable powers of subordination, is well established by law. Indeed, it is so established that the prospectuses pursuant to which U.S. domestic corporate debt is sold typically refer to the pani passu status of th ...
... unsecured debt obligations, absent statutory priorities or the exercise of a court's equitable powers of subordination, is well established by law. Indeed, it is so established that the prospectuses pursuant to which U.S. domestic corporate debt is sold typically refer to the pani passu status of th ...
Document
... payments from, or payable from distributions on, an admitted asset, a pool of admitted assets or specifically divisible cash flows which are legally transferred to a trust or another special purpose bankruptcy-remote business entity, on the following conditions: (A) The trust or other business entit ...
... payments from, or payable from distributions on, an admitted asset, a pool of admitted assets or specifically divisible cash flows which are legally transferred to a trust or another special purpose bankruptcy-remote business entity, on the following conditions: (A) The trust or other business entit ...
Forced Sale Risk: Class, Race, and the “Double Discount”
... have considered the economic impacts that forced sales of real property might have upon groups of people who may be particularly vulnerable to losing their property at a forced sale. Even more surprising, a number of legal scholars and judges have analyzed forced sales of property owned by low- to m ...
... have considered the economic impacts that forced sales of real property might have upon groups of people who may be particularly vulnerable to losing their property at a forced sale. Even more surprising, a number of legal scholars and judges have analyzed forced sales of property owned by low- to m ...
Intangible Assets
... A gain on bargain purchase – negative goodwill - (paid less than fair value) is taken to revenue. Where an identifiable intangible asset exists but cannot be reliably measured, it is included as part of goodwill. In such a case, there is a requirement to describe each intangible asset acquired i ...
... A gain on bargain purchase – negative goodwill - (paid less than fair value) is taken to revenue. Where an identifiable intangible asset exists but cannot be reliably measured, it is included as part of goodwill. In such a case, there is a requirement to describe each intangible asset acquired i ...